IDFC First Bank shares rise 3% after Haryana CM says Rs 556 crore returned to govt; what lies ahead?
IDFC First Bank shares saw a brief surge then settled flat. This followed Haryana Chief Minister Nayab Singh Saini's statement on recovering the full Rs 590 crore from a fraud case. The bank had previously reported fraudulent activity by employees at a Chandigarh branch. Investigations are ongoing, with a forensic audit appointed.
IDFC First Bank shares saw a brief surge then settled flat. This followed Haryana Chief Minister Nayab Singh Saini's statement on recovering the full Rs 590 crore from a fraud case. The bank had previously reported fraudulent activity by employees at a Chandigarh branch. Investigations are ongoing, with a forensic audit appointed.
